AIG 2008 Annual Report Download - page 79
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2008 2007 2006 2008 vs. 2007 2007 vs. 2006
Years Ended December 31, Percentage Increase/(Decrease)
(In millions, except ratios)
Net premiums earned:
AIG Property Casualty Group
Commercial Insurance ............... $22,351 $23,849 $23,910 (6)% —%
Transatlantic ...................... 4,067 3,903 3,604 4 8
Personal Lines ..................... 4,679 4,695 4,645 — 1
Mortgage Guaranty. ................. 1,038 886 740 17 20
Foreign General Insurance .............. 14,087 12,349 10,552 14 17
Total ................................ $46,222 $45,682 $43,451 1% 5%
Net investment income:
AIG Property Casualty Group
Commercial Insurance ............... $ 1,969 $ 3,879 $ 3,411 (49)% 14%
Transatlantic ...................... 440 470 435 (6) 8
Personal Lines ..................... 223 231 225 (3) 3
Mortgage Guaranty. ................. 183 158 140 16 13
Foreign General Insurance .............. 651 1,388 1,484 (53) (6)
Reclassifications and eliminations .......... 11 61— —
Total ................................ $ 3,477 $ 6,132 $ 5,696 (43)% 8%
Net realized capital gains (losses)........... $(5,023) $ (106) $ 59 —% —%
Operating income (loss)(a):
AIG Property Casualty Group Commercial
Insurance ......................... $ (3,065) $ 7,305 $ 5,845 —% 25%
Transatlantic ...................... (61) 661 589 — 12
Personal Lines ..................... (785) 67 432 — (84)
Mortgage Guaranty. ................. (2,475) (637) 328 — —
Foreign General Insurance .............. 618 3,137 3,228 (80) (3)
Reclassifications and eliminations .......... 22 (7) (10) — —
Total ................................ $(5,746) $10,526 $10,412 —% 1%
Statutory underwriting profit (loss)(a)(b):
AIG Property Casualty Group Commercial
Insurance ......................... $ (1,465) $ 3,404 $ 2,322 —% 47%
Transatlantic ...................... (80) 165 129 — 28
Personal Lines ..................... (944) (191) 204 — —
Mortgage Guaranty. ................. (2,666) (849) 188 — —
Foreign General Insurance .............. 1,014 1,544 1,565 (34) (1)
Total ................................ $ (4,141) $ 4,073 $ 4,408 —% (8)%
AIG Property Casualty Group(a):
Loss ratio .......................... 86.3 71.2 69.6
Expense ratio ........................ 30.1 20.6 21.7
Combined ratio ........................ 116.4 91.8 91.3
AIG 2008 Form 10-K 73
American International Group, Inc., and Subsidiaries